Many investors are bracing for economic fallout as the federal debt ceiling 'X-date' deadline approaches. Here's how to invest, according to advisors.
"In the grand scheme of things, I think [the debt ceiling] will get worked out," Baker said. "2. Watch for buying opportunities
One of the silver linings of market volatility can be the chance to buy more assets at a reduced price, assuming you've already met other financial goals. "Everybody likes a good sale," said Cherry, noting that a 10% to 15% drop could be a solid buying opportunity. Baker is also watching for dips around 10% to "deploy fresh capital" by keeping cash in a floating-rate Treasury exchange-traded fund that can be sold quickly if needed. "If there's a tumble, let's get some stuff on the cheap," he said.